The Nasdaq Highs/Lows white line made a lower low than it did at the #SPX 4,114 Low, suggesting we will eventually break below the 4,114 Low. Notice how the Put/Calls remain overbought and are nowhere near as oversold as they were at the 2016 Low which was a 15% drop like now. pic.twitter.com/m0a8NJ7Cl8— Francis Bussiere (@AstroCycle_Net) March 11, 2022
Gas spending is rising to levels that is likely to further compress consumer appetite, in particular for travel and other discretionary spending. pic.twitter.com/RVjYBozRgV— Markets & Mayhem (@Mayhem4Markets) March 10, 2022
1/ Quite an eventful day today.— Sergei Perfiliev 🇺🇦 (@perfiliev) March 11, 2022
First, it's interesting to see a -0.4% down move in $SPX accompanied by a lower $VIX.
Historically, it's not often that $VIX loses 2 pts on a half-percent sell-off in $SPX (chart below 👇)
It still sits >30, implying daily 2% moves in $SPX. pic.twitter.com/GlNW0epqRO
The spread between London and Shanghai nickel futures continues to grow as the LSE remains closed.— Markets & Mayhem (@Mayhem4Markets) March 10, 2022
Meanwhile, the Chinese-owned LSE has reversed trades which occurred during the squeeze (that transpired before they halted trading completely) bailing out Xiang Guangda and others. pic.twitter.com/eUcXlkd6Pu
The Real Fed Funds rate of -7.8% in the US is the lowest we've seen since 1974. The Fed has lost all of the credibility it gained under Volcker as an inflation fighting institution. They have completely abandoned their mandate to maintain price stability.— Charlie Bilello (@charliebilello) March 10, 2022
Charting via @ycharts pic.twitter.com/UnmrpHFYBw
AAII bearish still NOT THERE YET: (1) Last wk this time--when SPX closed over 4400, I was surprised by the mild Bull/Bear spread. (2) a week later, Bulls dropped 6%, but Bears still need some work to do--see the previous two lows: ALL>50% BEARS. (3) BTW, SPX dropped 260 points.
Excerpt from 3/9 MPW mid-week update: (1) the update was posted ystdy afternoon, when SPX rallied to as high as 4300; (2) you know what, that is THE DESIGN--Before the next MAJOR LEG DOWN. (3) Always one step ahead of the market--to the single digit level.
🚨BREAKING🚨— unusual_whales (@unusual_whales) March 10, 2022
Numerous politicians purchased oil and war stocks before the invasion of Ukraine.
Many were on Committees privy to info regarding the invasion, including Defense & Energy.
The positions they took have beat the market since November.
Link: https://t.co/eF6DIJobnq pic.twitter.com/JNEZHpFiBy
Last time CPI was here, the Fed Funds rate was 13% pic.twitter.com/OIS56gCDK0— zerohedge (@zerohedge) March 10, 2022
Huge shift in market expectations after today's 7.9% inflation print...— Charlie Bilello (@charliebilello) March 11, 2022
The market is now pricing in a greater than 60% probability of 8 rate hikes this year, which would bring the Fed Funds Rate up to 2.00-2.25% by year end. pic.twitter.com/UEcbwIbSRY
We'd warned that today's ECB meeting was pivotal for periphery debt markets & that it was key to get the tone on inflation (the past) vs recession (the future) right. That didn't happen and Italy's 10-year yield is now spiking. This has the makings of another March 2020 moment... pic.twitter.com/5tdgNsbjKX— Robin Brooks (@RobinBrooksIIF) March 10, 2022